Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise lowered its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 80.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 856 shares of the company's stock after selling 3,492 shares during the period. Banque Cantonale Vaudoise's holdings in Datadog were worth $98,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Baader Bank Aktiengesellschaft boosted its holdings in shares of Datadog by 1.5% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 5,077 shares of the company's stock valued at $657,000 after purchasing an additional 77 shares during the last quarter. Pathstone Holdings LLC boosted its stake in Datadog by 0.4% during the third quarter. Pathstone Holdings LLC now owns 23,152 shares of the company's stock valued at $2,664,000 after buying an additional 91 shares during the last quarter. GAMMA Investing LLC grew its holdings in Datadog by 19.5% during the 3rd quarter. GAMMA Investing LLC now owns 563 shares of the company's stock valued at $65,000 after buying an additional 92 shares in the last quarter. HB Wealth Management LLC increased its stake in Datadog by 5.2% in the 2nd quarter. HB Wealth Management LLC now owns 1,926 shares of the company's stock worth $250,000 after acquiring an additional 95 shares during the last quarter. Finally, WR Wealth Planners LLC raised its holdings in shares of Datadog by 31.6% during the 2nd quarter. WR Wealth Planners LLC now owns 433 shares of the company's stock worth $56,000 after acquiring an additional 104 shares in the last quarter. 78.29% of the stock is owned by institutional investors.

Datadog Price Performance

NASDAQ DDOG traded up $10.97 during trading on Friday, hitting $154.83. The company's stock had a trading volume of 13,878,759 shares, compared to its average volume of 5,104,676. The company has a market cap of $52.60 billion, a PE ratio of 292.14, a P/E/G ratio of 18.83 and a beta of 1.10. The business's 50 day simple moving average is $124.21 and its 200-day simple moving average is $119.98. Datadog, Inc. has a fifty-two week low of $98.80 and a fifty-two week high of $155.42.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DDOG. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $151.00 price target on shares of Datadog in a report on Friday, August 9th. TD Cowen restated a "buy" rating and set a $165.00 price target on shares of Datadog in a report on Tuesday. DA Davidson increased their price target on Datadog from $140.00 to $150.00 and gave the company a "buy" rating in a report on Friday, November 8th. BNP Paribas started coverage on Datadog in a report on Tuesday, October 8th. They set an "outperform" rating and a $150.00 price target on the stock. Finally, Rosenblatt Securities increased their target price on Datadog from $140.00 to $148.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Datadog currently has a consensus rating of "Moderate Buy" and a consensus price target of $150.96.

Insider Transactions at Datadog

In related news, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $129.33, for a total transaction of $16,438,489.65. Following the completion of the transaction, the chief technology officer now directly owns 336,165 shares in the company, valued at approximately $43,476,219.45. This trade represents a 27.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Olivier Pomel sold 85,637 shares of Datadog stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $122.61, for a total value of $10,499,952.57. Following the transaction, the chief executive officer now owns 392,111 shares of the company's stock, valued at approximately $48,076,729.71. This represents a 17.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 541,491 shares of company stock worth $68,927,496 over the last three months. 11.78% of the stock is currently owned by insiders.

Datadog Company Profile

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.